{"schema_version":1,"publisher":"Half on a Double","data_through":"2026-10-16","frequency":"end-of-day","methodology":"market-implied-carry-v1","generation":"market-implied-carry-analytics-20260917T000000Z","canonical_url":"https://halfonadouble.com/stock/HRL","markdown_url":null,"history_url":"https://halfonadouble.com/api/v1/history/HRL.csv","advanced_analysis_url":"https://halfonadouble.com/api/v1/analysis/HRL.json?date=2026-10-16&public_schema=4","definitions_url":"https://halfonadouble.com/methodology.md","license_url":"https://halfonadouble.com/terms.md","disclaimer_url":"https://halfonadouble.com/disclaimer.md","symbol":"HRL","page_tier":"B","units":{"prices":"USD per share","open_interest":"option contracts","gamma_exposure":"modeled dollar-delta change per USD 1 underlying move","gamma_exposure_normalized":"modeled gamma exposure per 100,000 open option contracts","distances":"percent of close","forward_outcomes":"close-to-close percent return"},"snapshot":{"close":20.399999618530273,"previous_close":20.190000534057617,"delta_neutral":18.75868712182728,"gamma_neutral":20.399999618530273,"gamma_max":20.065342715741526,"total_open_interest":84239,"previous_open_interest":94919,"listed_contracts":217,"listed_calls":122,"listed_puts":106,"gamma_max_distance_pct":-1.6404750443463887,"delta_neutral_distance_pct":-8.045649644091727,"gamma_neutral_distance_pct":0,"open_interest_change_1d_pct":-11.251698816885975,"call_open_interest":61340,"put_open_interest":22899,"put_call_open_interest_ratio":0.37331268340397783,"nearest_expiration_max_pain":20,"nearest_expiration_max_pain_expiry":"2026-10-23","nearest_expiration_max_pain_distance_pct":-1.960782480441495,"all_expiration_max_pain":20,"net_gamma_exposure":5492109.4071563305,"net_gamma_exposure_per_100k_open_interest":6519675.455734672,"gamma_exposure_flip":null,"gamma_exposure_flip_distance_pct":null,"call_wall":20,"call_wall_distance_pct":-1.960782480441495,"put_wall":20,"put_wall_distance_pct":-1.960782480441495,"gamma_max_cross_direction":"above","delta_neutral_cross_direction":null,"open_interest_rank":675},"history_summary":null,"advanced_options":{"data_through":"2026-10-16","analysis_coverage":1,"catalyst_score":null,"directional_score":null,"catalyst_reasons":[],"features":{"price":20.4,"totalOi":95220,"analysisCoverage":1,"avgIvPct":343.2,"ivRank":100,"iv52wHighPct":343.2,"iv52wLowPct":60.2,"frontDte":7,"termPremiumPp":-4.14,"riskReversalFrontPp":-4.21,"riskReversal30dPp":1.8,"butterflyFrontPp":0.16,"butterfly30dPp":0.16,"putCallOiRatio":0.371,"putCallOiFrontRatio":0.282,"putCallVolumeFrontRatio":1.216,"optionVolume":7045,"volumeOiRatio":0.073987,"netDeltaNormalized":0.132952,"dealerDeltaNormalized":-0.129738,"gexPer100kOi":2748110.943079,"vannaPer100kOi":3670.447385,"charmPer100kOi":-112611.846251,"weekendDeltaShiftPer100kOi":-337834.488553,"ivSurfaceRangePp":227.1,"gammaFlipDistancePct":-2.647059,"maxPainDistancePct":-1.960784,"peakCallDistancePct":-1.960784,"peakPutDistancePct":7.843137},"complete_analysis_url":"https://halfonadouble.com/api/v1/analysis/HRL.json?date=2026-10-16&public_schema=4","interpretation":"Catalyst intensity ranks unusual option pricing and activity; it does not identify the event, predict direction or recommend a trade. Directional score summarizes relative positioning under documented model conventions."},"gamma_max_cross_outcomes":[],"missing_value_semantics":"null means unavailable; it never means zero","interpretation":"These are descriptive end-of-day model outputs. Signed GEX uses the published call-positive, put-negative convention and is not observed dealer inventory. None of the fields are live prices, predictions or investment advice."}